MARKET NEWS & IMPACT By Raunak Singh

Expect market to open on positive note on account global cues. US market gained half percent after impressive job data announcement and good quarterly results. Among the Asian markets like Hong Kong and Japan Index gained 0.7% and 0.2% respectively. The 10-year US Treasury yield back to 2.95 percent on Friday after a recent high of above 3%. European market gained on Friday nearly half to one percent.

China markets declined marginally after the news that the Chinese government may increase duty of US products worth $60bn if US Government impose additional duty on Chinese product of $200/bn.

Positive factor that the impressive quarterly results reported by most of the corporates and IMD expects 95% of average rainfall . Another good point that the India service PMI expanded 21-month high. It means India economy is back on track. However, traders keep in mind that the trade war tensions, higher oil price and Global market markets volatility may negative impact our market.

India expected major benefit in the defiance sectors after the media news that the India to get strategic trade Authorization -1 status from US. India is the third Asian counters to get this status after Japan and South Korea. Expects Indian defiance stocks like BEL, BEML, Hindustan Aeronetacis (HAL) may positive.

Watch on PSU banks – Government and PSU Banks efforts of NPA recovery by the various process for recovery NPA likely to be positive for PSU banks in the long term – Expects positive for SBI, BoB and others PSU Banks.

United Spirits to sell shares in US unit liquidity inc – We are positive on United Spirits

Watch on Delta – Goa Chief Minister Manohar Parrikar made a statement on the floor of the legislative assembly today announcing that offshore casinos in the state will be shifted to a designated gaming zone within a period of four years. Parrikar also stated that licenses will be given for a period of 10-15 years and only tourists will be allowed to visit casinos. He further stated that a Gaming Commissioner to regulate casinos would be appointed to regulate and oversee casino activities in the state – Positive for Delta

IMD expect monsoon Rain 95% of average while Skymet expects 92% average. It is expected that the 90-98% average rain fall. It may positive for the market. FMCG, Auto, Banking and NBFC stock may positive because co-related with rural economy.